MillerKnoll (NASDAQ:MLKN) Hits New 12-Month Low - Time to Sell?

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $20.46 and last traded at $20.55, with a volume of 5120 shares traded. The stock had previously closed at $21.03.

Analyst Ratings Changes

Separately, StockNews.com raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th.

MillerKnoll Stock Up 1.4 %

The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 0.89 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The business's 50-day moving average is $22.03 and its 200-day moving average is $24.05.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $970.40 million during the quarter, compared to analysts' expectations of $959.60 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. On average, equities analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current year.

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MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll's payout ratio is presently 82.42%.

Institutional Investors Weigh In On MillerKnoll

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Studio Investment Management LLC increased its position in MillerKnoll by 29.9% in the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock valued at $49,000 after acquiring an additional 495 shares in the last quarter. MetLife Investment Management LLC increased its position in MillerKnoll by 2.7% in the 4th quarter. MetLife Investment Management LLC now owns 41,548 shares of the company's stock valued at $939,000 after acquiring an additional 1,078 shares in the last quarter. Smartleaf Asset Management LLC increased its position in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after acquiring an additional 1,201 shares in the last quarter. KBC Group NV increased its position in MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after acquiring an additional 1,281 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after acquiring an additional 1,448 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

MillerKnoll Company Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.